Daily Pivots: (S1) 192.89; (P) 193.56; (R1) 194.19; More…

Intraday bias in GBP/JPY remains neutral at this point. More consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On the upside, firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 192.86; (P) 193.47; (R1) 194.16; More…

Intraday bias in GBP/JPY stays neutral and more more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On the upside, firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 192.96; (P) 193.52; (R1) 194.00; More…

Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On the upside, firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

GBP/JPY surged to 196.38 last week but failed to sustain above 195.95 resistance and retreated. Nevertheless, downside is contained well above 190.22 support so far. Initial bias remains neutral this week, and further rise is in favor. On the upside, firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

In the longer term picture, while a medium term top was formed at 208.09 (2024 high), it’s still early to conclude that the up trend from 122.75 (2016 low) has completed. But GBP/JPY is at least in a medium term corrective phase, with risk of correction to 55 M EMA (now at 175.85).

Daily Pivots: (S1) 193.17; (P) 194.08; (R1) 194.73; More…

Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Another rally is in favor as long as 190.22 support holds. Firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance next. However, decisive break of 190.22 will indicate near term reversal and turn bias back to the downside.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 193.79; (P) 195.10; (R1) 195.96; More…

GBP/JPY retreated after failing to sustain above 195.95 resistance and intraday bias is turned neutral first. Another rally is in favor as long as 190.22 support holds. Firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target this resistance next. However, decisive break of 190.22 will indicate near term reversal and turn bias back to the downside.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 195.20; (P) 195.79; (R1) 196.81; More…

Intraday bias in GBP/JPY stays on the upside at this point. Decisive break of 195.95 resistance will suggest that whole choppy decline from 199.79 has completed, and target this resistance next. On the downside, below 194.77 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 194.22; (P) 195.02; (R1) 196.40; More…

Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 184.35 is in progress and break of 195.95 resistance will suggest that whole choppy decline from 199.79 has completed. On the downside, below 193.48 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 192.64; (P) 193.11; (R1) 193.86; More…

GBP/JPY’s rise from 184.35 resumed by breaking through 193.72 resistance today. Intraday bias is back on the upside for 195.95 resistance next. Firm break there will suggest that whole choppy decline from 199.79 has completed. For now, risk will stay on the upside as long as 190.22 support holds, in case of retreat.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

GBP/JPY stayed in range trading below 193.72 last week and outlook is unchanged. Initial bias remains neutral this week and further rally is in favor with 189.97 support intact. On the upside, break of 193.72 will resume the rise from 184.35 to 195.95 resistance next. However, firm break of 189.97 will turn bias back to the downside for deeper decline.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

In the longer term picture, while a medium term top was formed at 208.09 (2024 high), it’s still early to conclude that the up trend from 122.75 (2016 low) has completed. But GBP/JPY is at least in a medium term corrective phase, with risk of correction to 55 M EMA (now at 175.85).

Daily Pivots: (S1) 191.63; (P) 192.57; (R1) 194.20; More…

GBP/JPY is staying in range below 19372 and intraday bias remains neutral. With 189.97 support intact, further rise is favor. Above 193.72 will resume the rally from 184.35 and target 195.95 resistance next. However, firm break of 189.97 will turn bias back to the downside for deeper decline.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.63; (P) 191.47; (R1) 191.92; More…

No change in GBP/JPY’s outlook and intraday bias remains neutral. Further rise is expected as long as 189.97 support holds. Above 193.72 will resume the rise from 184.35 and target 195.95 resistance next. However, firm break of 189.97 will turn bias back to the downside for deeper decline.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.63; (P) 191.47; (R1) 191.92; More…

Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 193.72. Further rise is expected as long as 189.97 support holds. Above 193.72 will resume the rise from 184.35 and target 195.95 resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 191.09; (P) 192.83; (R1) 194.17; More…

Intraday bias in GBP/JPY stays neutral for consolidations below 193.72. Further rise is expected as long as 189.97 support holds. Above 193.72 will resume the rise from 184.35 and target 195.95 resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

GBP/JPY’s rebound from 184.35 extended higher last week but retreated after hitting 193.72. Initial bias is turned neutral this week first. Further rise is expected as long as 189.97 support holds. Above 193.72 will target 195.95 resistance next.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

In the longer term picture, while a medium term top was formed at 208.09 (2024 high), it’s still early to conclude that the up trend from 122.75 (2016 low) has completed. But GBP/JPY is at least in a medium term corrective phase, with risk of correction to 55 M EMA (now at 175.85).

Daily Pivots: (S1) 190.05; (P) 190.66; (R1) 191.33; More…

Intraday bias in GBP/JPY remains on the upside for 195.59 resistance. Firm break there will argue that whole choppy decline from 199.79 has completed at 184.35. Rise from 180.00 could then be ready to resume through 199.79. For now, break of 189.97 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.05; (P) 190.66; (R1) 191.33; More…

GBP/JPY’s rise from 184.35 resumed by breaking through 191.70 and intraday bias is back on the upside. Further rally would be seen to 195.95 resistance next. For now, break of 189.97 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.39; (P) 190.87; (R1) 191.34; More…

Intraday bias in GBP/JPY is turned neutral first with current retreat. Rebound from 184.35 is in favor to continue as long as 189.28 minor support holds. Above 191.70 will target 195.95 resistance next. However, break of 189.28 will suggest that the rebound has completed and turn bias back to the downside.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.53; (P) 191.04; (R1) 191.43; More…

Further rise remains mildly in favor in GBP/JPY as long as 189.28 minor support holds. Rebound from 184.35 would target 195.95 resistance next. However, break of 189.28 will suggest that the rebound has completed and turn bias back to the downside.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 190.23; (P) 190.98; (R1) 192.00; More…

Intraday bias in GBP/JPY remains on the upside at this point. Rise from 184.35 would target 195.95 resistance next. Firm break there will suggest that choppy decline from 199.79 has also finished too. On the downside, below 189.28 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.